Are Cam fees Negotiable?
Cam fees are non negotiable and Tenants have every right to view the annual CAM Reports presented by the Landlord. What is a Modified Gross Lease? Modified gross mostly used in Office Space is the Base Rent and Cam fees grouped in one price. Tenants pay for their own electrical, telephone and janitorial fees. What is a Full Service Lease? Full Service is mostly used in office spaces and includes the base rent, Cam fees, janitorial plus some utilities fees. Tenants usually pay for their telephone bills. Why are leases a minimum of 3-5 Years long? Landlords need to amortize the costs of Tenant improvements when a new Tenant moves in. These costs could ad-up to a substantial amount. No need for a Landlord to up-front thousands of Dollars to a Tenant who plans on moving out in one year. Also, most Tenants need this kind of time frame to build their business, and by locking a good lease rate with a cap amount for the upcoming years a Tenant will benefit in the long run by budgeting his/her
